The third Economic Impact Payments are sent out to eligible individuals by the Internal Revenue Service. The first to receive their TAXEIP3 were the ones that received their stimulus on March 17. The biggest stimulus taxpayers received yet, the third Economic Impact Payment is up to $1,400. If you make more than $75,000 though, the … Read more
There are certain requirements for taxpayers to claim someone as their dependent. So if a “dependent” of yours asks to themselves can I be claimed as a dependent? The answer to the question lies in their reliance on you. A dependent for tax purposes is someone that relies on a taxpayer to basically survive. If … Read more
How to add unemployment to Form 1040, federal income tax return? Taxpayers who received unemployment compensation can report the taxes on unemployment compensation on line 7 of Schedule 1, Additional Income and Adjustments to Income. As for how to figure out the total amount of unemployment compensation you received, you will get a 1099-G in … Read more
Form 8615–Tax for Certain Children Who Have Unearned Income is the tax form to figure out the tax on unearned income of over $2,100 for children under the age of 18 and for adults in certain circumstances. Form 8615 is a fairly straightforward tax form that parents or legal guardians of the child who’s subject … Read more
The tax filing deadline for California state income tax returns has been extended to May 17 along with the federal tax filing deadline. The extension from April 15 to May 17 will give more time to taxpayers to prepare their tax returns and so to pay the taxes owed. However, this extension only applies to … Read more
The third stimulus check (Economic Impact Payment or EIP) is now being sent to people who are eligible for it. Taxpayers who have their payment information with the IRS can get their stimulus payments direct deposited to their bank accounts or get a paper check or an EIP debit card. If you don’t know whether … Read more
How to check if I received a stimulus check? One of the commonly asked questions about the stimulus checks, or better known as Economic Impact Payments are whether or not people have received them. If you’re eligible for the stimulus checks, you received them through the payment detail the IRS has from your 2019 or … Read more
The government is considering a tax hike for millions of Americans, including the middle-class and lower-income groups. While most people oppose such taxes, some are concerned that they will increase prices. Increases taxes on millions of Americans If the GOP tax plan passes, millions of Americans will see increased taxes. The program is estimated to … Read more
Army Learning Management System or better known as the ALMS is web-based learning management system for the US Army members. The US Army members can use the ALMS to get the information they need for managing courses, lessons, and more. In this article, we will provide you with the general knowledge needed to use the … Read more
The progressive proportional and regressive tax systems is what we have here in the United States in our tax code. The progressive proportional tax refers to taxpayers being taxed more as they earn more. So the higher your income is the higher your tax liability. On the other hand, there is regressive taxes which are … Read more